Reuters Before the Bell: Pizza Hut same-restaurant sales help Yum Brands beat estimates

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Thursday, November 2, 2017

Pizza Hut same-restaurant sales help Yum Brands beat estimates

(Reuters) - Yum Brands Inc reported better-than-expected profit and revenue for the third quarter, as its Pizza Hut chain posted a surprise rise in same-restaurant sales following five quarters of declines.

Chesapeake Energy profit beats on higher oil prices, lower costs

(Reuters) - Oil and gas producer Chesapeake Energy Corp reported on Thursday a quarterly adjusted profit that beat analysts' estimates on tight cost controls and higher oil prices.

Futures flat with Fed chair pick, tax bill in focus

(Reuters) - U.S. stock index futures were flat on Thursday as investors held off from making big bets ahead of President Donald Trump's decision on the next Federal Reserve chair and the unveiling of a long-awaited tax reform bill.

Tesla stock falls on Model 3 delays, biggest-ever quarterly loss

SAN FRANCISCO (Reuters) - Tesla Inc on Wednesday pushed back its target for volume production on its new Model 3 sedan by about three months, saying it was difficult to predict how long it would take to fix all production bottlenecks.

Tesla must stop overpromising, could need more finance: analysts

(Reuters) - Tesla Inc was set to open more than 6 percent below the previous close on Thursday after it spooked investors with its biggest quarterly loss yet and a delay in production targets for its Model 3 vehicle by about three months.

Alibaba revenue up 61 percent, beats estimates

(Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd said on Thursday its quarterly revenue climbed 61 percent, beating analysts' estimates, helped by growth in its core e-commerce business.

China eyes greater U.S. access for its aircraft and parts with new deal

SHANGHAI/WASHINGTON (Reuters) - China's aviation safety regulator expects a recently signed aircraft certification agreement with the United States to boost U.S. market access for Chinese-made planes and aircraft parts.

Bombardier cuts CSeries deliveries forecast, posts bigger loss

(Reuters) - Bombardier Inc on Thursday cut its yearly forecast for deliveries of its CSeries jets because of engine delays, while posting a larger loss for the third quarter.

Audi recalls almost 5,000 A8 models for emissions software updates

FRANKFURT (Reuters) - Volkswagen's premium carmaker Audi said on Thursday it would recall 4,997 of its A8 model vehicles with V8 diesel engines in Europe to update software after it found they emitted too much nitrogen oxide.

BoE set for hike, Fed to get new head, trillion-dollar Apple?

LONDON (Reuters) - Traders were bracing on Thursday for landmark events including the Bank of England's first rate hike since 2007 and the unveiling of a new Fed chief as well as results from Apple as it looks to become the world's first $1 trillion company.

Reuters Before the Bell: Pizza Hut same-restaurant sales help Yum Brands beat estimates

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